Omni-Lite Industries Canada (OTCMKTS:OLNCF) Shares Cross Below 200 Day Moving Average – Time to Sell?

Omni-Lite Industries Canada Inc. (OTCMKTS:OLNCFGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.19 and traded as low as $1.11. Omni-Lite Industries Canada shares last traded at $1.15, with a volume of 1,500 shares.

Omni-Lite Industries Canada Trading Up 12.7%

The stock’s 50 day moving average price is $1.11 and its two-hundred day moving average price is $1.19. The firm has a market capitalization of $17.80 million, a price-to-earnings ratio of 115.12 and a beta of 0.17.

About Omni-Lite Industries Canada

(Get Free Report)

Omni-Lite Industries Canada, trading under the symbol OLNCF on the OTC Markets, is a designer and manufacturer of advanced polymer composite and carbon-fiber components for military, industrial and specialty vehicle applications. The company’s proprietary Fiber-Weld™ polymer composite wheel assemblies offer substantial weight savings, superior fatigue life and corrosion resistance compared with conventional steel wheels. In addition to its core wheel products, Omni-Lite produces carbon-fiber drive shafts, structural cross-members and custom injection-molded components engineered for demanding environments.

Founded in 1988 and headquartered in Mississauga, Ontario, Omni-Lite maintains production facilities in both Canada and the United States.

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